Financial Select Sector SPDR Fund (NYSEARCA:XLF) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Financial Select Sector SPDR Fund (NYSEARCA:XLF)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $53.65 and traded as high as $55.98. Financial Select Sector SPDR Fund shares last traded at $55.86, with a volume of 35,961,388 shares.

Financial Select Sector SPDR Fund Stock Performance

The company has a market capitalization of $56.46 billion, a PE ratio of 18.25 and a beta of 0.85. The firm’s 50-day simple moving average is $57.23 and its 200 day simple moving average is $53.65.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Large investors have recently added to or reduced their stakes in the business. First National Trust Co boosted its stake in shares of Financial Select Sector SPDR Fund by 41.4% during the 4th quarter. First National Trust Co now owns 29,742 shares of the exchange traded fund’s stock worth $1,629,000 after purchasing an additional 8,706 shares during the last quarter. Americana Partners LLC raised its position in shares of Financial Select Sector SPDR Fund by 47.7% in the fourth quarter. Americana Partners LLC now owns 13,530 shares of the exchange traded fund’s stock valued at $741,000 after buying an additional 4,370 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of Financial Select Sector SPDR Fund by 14.6% during the fourth quarter. Prospera Financial Services Inc now owns 277,267 shares of the exchange traded fund’s stock valued at $15,188,000 after buying an additional 35,228 shares during the period. Cumberland Partners Ltd lifted its stake in shares of Financial Select Sector SPDR Fund by 2.1% during the fourth quarter. Cumberland Partners Ltd now owns 12,797 shares of the exchange traded fund’s stock valued at $701,000 after buying an additional 264 shares during the period. Finally, Atticus Wealth Management LLC boosted its position in Financial Select Sector SPDR Fund by 3.6% during the fourth quarter. Atticus Wealth Management LLC now owns 12,307 shares of the exchange traded fund’s stock worth $674,000 after acquiring an additional 424 shares during the last quarter. 72.51% of the stock is owned by institutional investors and hedge funds.

Financial Select Sector SPDR Fund Company Profile

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.